Author: Belverd E. Needles, Jr., Ph.D., CPA, CMA Editor, Accounting Instructors’ Report (AIR), DePaul University
Professional skepticism is an essential component of every audit. It is the foundation for detecting fraud and maintaining an independent attitude (AICPA, 2002). There has been an increased emphasis on professional skepticism in the last decade due to the large-scale accounting fraud cases that were the catalyst for regulatory reforms such as Sarbanes Oxley Act (SOX) in the US, increasing complexities transactions and the expanded use of estimates and fair value which require more accounting judgement.
The lack of professional skepticism has been the case
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Authors, all from Cleveland State University: Craig Fotin, DBA, CPA, Assistant Professor, Department of Accounting; Heidi Hylton Meier, DBA, CPA, Chair and Professor, Department of Accounting; Jan Rose, MBA, CPA, CMA, Lecturer of Accounting; Peter Poznanski, Ph.D., CPA, CMA, CFM, Professor Emeritus, Department of Accounting
After completing Principles of Accounting I (financial accounting) and II (managerial accounting), most Accounting majors enroll in Intermediate Accounting 1 .
For almost all students, the quantity and difficulty level of the material makes Intermediate Accounting one of the most difficult courses they will take in their degree program. Compounding this difficulty level is the
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Authors: Tim Creel, Harding University and Veronica Paz, Indiana University of Pennsylvania
The process of building paper airplanes in an accounting classroom allows students to experience an interactive, engaging, problem-solving, and fun learning environment. Building paper airplanes occurs in a managerial accounting class at the undergraduate level, an MBA accounting class or cost accounting class. Students volunteer to build paper airplanes in front of their fellow classmates to illustrate the manufacturing process.
The class answers questions related to the manufacturing process after completion of the simulation. In a cost accounting class, building airplanes simulates aspects of manufacturing such as process
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Author: Lorraine S. Lee, Associate Professor of Accounting, University of North Carolina
This educational case requires students to perform audit steps for an auto dealership’s revenue for the year. Students are provided with electronic working papers that include a summary of the weekly gross margin. By analyzing the transactions associated with automobile sales, students are provided an opportunity to test account balances and to consider potential reasons the balances may deviate from expected values.
The case provides students an example of a substantive procedure the auditor can conduct in testing accounts affected by the revenue process. By analyzing the transactions
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Long Beach Community College professor Kirk Canzano teaches financial accounting. But he used statistics to find out if his students’ performance on CengageNOWv2 out-of-class assignments correlated to their success on in-class exams. Short answer: Yes. Overall alignment between CengageNOWv2 homework scores and exam scores was a remarkable 0.93, indicating that homework performance almost perfectly predicted exam performance.
CengageNOWv2 deserves credit for keeping students engaged with interactive activities, videos that walk students through problem-solving, and other tools that promote active learning. Canzano likes the automatic grading and gradebook analytics, too. With CengageNOWv2, there’s a lot in the plus column.

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Professor Gary Laycock is the Accounting Program Chair at Ivy Tech Community College, which has more than thirty locations throughout Indiana. He teaches online accounting classes as well as several face-to-face sections every semester, each with an average of twelve to fourteen students.

Currently, accounting instructors are required to use a non-Cengage Learning technology solution for online courses, but are free to choose whatever system they wish in the face-to-face classes. In Fall 2014, Professor Laycock chose CengageNOW.Read More…